Panasonic Energy India Company

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IiAS asked the companys shareholders to vote against the re-appointment of the chairman Tulsi Tanti as the managing director after he sought a 50 percent pay hike despite the company going through debt restructuring.

Financial Technologies (India) has informed that on March 24, 2014 the Company has entered into a Share Purchase Agreement (SPA) for sale of 13,64,787 equity shares (face value of Rs 10 each) of Indian Energy Exchange Ltd. (IEX) to Golden Oak (Mauritius) Limited, for a consideration of Rs 72.89 crore.

Ujaas Energy has informed that the Board of Directors of the Company at its meeting held on March 10, 2014, has approved the proposal of incorporating / establishing wholly / partially owned foreign subsidiaries at different countries outside India.

Ujaas Energy has informed that the Board of Directors of the Company at its meeting held on March 10, 2014, has approved the proposal of incorporating / establishing wholly / partially owned foreign subsidiaries at different countries outside India.

Jaiprakash Power Ventures lost as much as 17. percent intraday that may be because of profit booking and downgrade by JP Morgan. It surged 12 percent on Friday ahead of board meeting that took place on Saturday.